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FOX News
Mar 16, 2013 8:00am PDT
, half the people in america don't pay taxes, income taxes, they have no skin in the game. i mean, that was palblum for the audience. >> and one of the most interesting sections of the speech when he talked about the need for charity and how government, a big government often comes in and takes up the functions of the civil society in a way that's not healthy for the broader society. . >> gregg: all right. steven hayes thank you very very much. appreciate it. >> thanks, guys. >> gregg: my favorite line, economics is not brain surgery. >> heather: yes. >> gregg: of course, he's a neuro brain surgeon. >> heather: he was an exciting speaker, i must say. >> gregg: he wasn't using a teleprompter i don't think. it was amazing and the crowd seems to love dr. ben carson. all right, thanks for watching our coverage of the conservative political action conference. >> heather: and now to bulls and bears that starts right now. >> conservatives at cpac calling for tax cuts, but the president telling republicans, they can hike them or take a hike in budget cuts . senate democrats are on his side, pus
FOX Business
Mar 17, 2013 1:00am EDT
now. >> conservatives at cpac calling for tax cuts, but the president telling republicans, they can hike them or take a hike in budget cuts . senate democrats are on his side, pushing one trillion in new taxings. is this why 7 out of 10 bosses are not hiring. this is bums and bears we'll get right to it. the bums and bears, to bin and jonas and john back from his mountain climb and jamull green. >> democrats are still pushing tax hikings. is that why the companies are not hiring? >> absolutely. alm they -- all they have to do is look at history or the state nearby. on the state lemp, - level. the states that grow the most jobs are the ones without income tax. we have had this discussion many times. every time we cut taxes, the economy has grown whether on the left with president kennedy or left with reagan. the left said clinton raised taxes and what is often ignored, clinton cut the capitol gains tax and he cut spending as aercentage of gdp. the obama administration want to go the opposite way, if they do they will make fdr a libitarian. >> jamull is it good or bad for the economy?
FOX Business
Mar 17, 2013 2:00am EDT
necessarily, david. >> that is the only way the government gets money e mack isn't it? >> taxes have to go up to pay the interest on all of the debt. i got to tell you something when you have federal reserve officials experiencing buyer's remorse over all of the u.s. treasuries they have been buying you have to say these must are supposed to bet smartest guys in the room if they are not liking the balance sheet loaded down with treasury debt and what they are trying to do to support the spending going on that is a gut reality check. >> rick, i know you are a lawyer and not an economist. >> but i play one on tv. >> the numbers don't add up, do they? >> the ryan up ins add up. >> could you think the obama numbers add up you? >> we haven't seen them yet. >> we have seen them and seen how he has spent. i'm not talking about pie in the sky. where he has spent. increased the size of the government by 20%. is it working? >> except you would agree that we are seeing the deficit come down each year is since 2009. >> good size now at 800 million? >> of course, it is not at a good size. it is gett
CSPAN
Mar 10, 2013 7:00am EDT
continues to insist on tax hikes, he will let it very far. if the president does not believe we have a spending problem, i do not know that we will get very far, but i am optimistic. host: a couple of facebook postings from joe clark. tenn., on the line first. good morning. caller: i do not know why anyone would meet with president obama, that is a joke. the man never tells the truth. [beep] possible position on budget cuts and tax hikes. he will change in a day or two. he is not trustworthy. he is not anyone you could negotiate with and think that you have something. host: let's hear from fred, an independent caller. he visited the hill several times this week. never seen three days in a row of the president headed to the hill. what you make of this? caller: good morning, first of all. host: good morning. caller: it is politically necessary, first of all, but politics is so disconnected from the rest of the country, like a black operation where they get together in back rooms and pass legislation where we do not even know what is written in it. it is getting difficult to have any rela
CNBC
Mar 12, 2013 7:00pm EDT
brought to you in washington, d.c. tonight, a special show. now we have more taxes, more spending, more of the same. it's been more than four years since the senate democrats bothered to put together a budget. and as might be expected, their new budget calls for more than $1 trillion in new taxes over the next decade. what a shock that is. meanwhile, senate liberals spent much of the day challenging president obama on his plans for possible entitlement reform. will they block any chance for a grand deal? so what do senate republicans have to say about all this? well, we are about to speak with one of the new rising stars of the gop. senator ted cruise joins us to talk about the budget fight and his promise to do all he can to repeal obamacare. >>> and finally the highlight of our show tonight, my exclusive interview with congressman paul ryan as he unveils his budget plan. the headlines are an obamacare repeal, spending cuts, corporate tax reform and a balanced budget within ten years. >> balancing the budget is not an end of itself, it's a means to an end and the means we're tryi
CSPAN
Mar 10, 2013 10:00am EDT
something will come out of it. but the president continues to insist on tax hikes we will not get very far. if he does not believe we have a spending problem, i do not know if you get very far. i am an optimist. >> are you hopeful that they can do we were not able to? >> the more members that we engage in this process the better off we are. for a couple of reasons. there are a lot of people with a ideas around this congress both in the house and senate. if you're ever going to pass a major bill that will begin to address our spending problems, we will have to grow this support. if you have to be an organic process. and think it is a hopeful sign. maybe something will come up. -- i think it is a hopeful sign. maybe something will come up. >> joining us this sander levin. we have about half an hour. >> thank you for being here today. democrats continue to talk about the balanced approach to deficit reduction, comparing tax revenues and spending cuts. is this battle for new revenue a losing battle for democrats? >> not at all. i was thinking the last few days and democrats to the same positio
CSPAN
Mar 10, 2013 6:00pm EDT
deficit reduction, comparing tax revenues and spending cuts. is this battle for new revenue a losing battle for democrats? >> not at all. i was thinking the last few days and democrats to the same position as republicans that we already had $1.50 trillion in cuts plus the sequester, that means $2.50 trillion at the sequester continues, that we have had enough guts and it is only revenues. where would we be? you have republicans saying only spending cuts, no more revenues. that has to change. there has to be balanced. the republican leadership has made a mistake by cementing themselves and saying we will not touch revenue. there have to be revenues in order to address this problem. >> how do you the republicans to crack on that when they're not showing any willingness to do that? all democrats want that. how do you get republicans to buy into it? >> i was a thing over clips from the county i represent. about 8000 employees will get notices that they will be reduced 20% in income. 30,000 meals for seniors are going to be eliminated. and people understand what the consequences are of th
FOX News
Mar 9, 2013 7:30am PST
tuned. >> . >> neil: well, your tax refund may have to wait, but the government is not waiting one nano second for the president's health care law. i'm charles payne in for neil cavuto, whether it's the cliff or the sequester cuts to blame, more taxpayers are told they'll have to wait for their money, but a new report shows the irs is going full steam ahead, collecting the new health care. and another double standard. and ben stein, dagen mcdowell, charlie gasperino and adam lashinsky. dagen, sequester hypocrisy? >> of course it is, scare the bejesus out of people and make people think at least they're not going to get their tax refund, but again, the money needs to keep rolling in to pay for the president's health care law and we have no idea yet how much this is going to hit the american people because this year, don't forget, on higher income americans, you have medicare payroll tax hikes, investment income tax hike, a hike in the threshold where you can deduct your medical expenses, you have the medical devices tax, that's just this year. >> that's this year and gary k, with all of
CSPAN
Mar 13, 2013 6:00am EDT
allen seek federal budget in 10 years by reforming the tax code in medicare and repealing the president's health care law. budget committee chairman paul ryan spoke with reporters for a half an hour. >> good morning, everyone. what we have here is the house budget committee republican majority. putting out yet again a budget that it just is america's needs, a budget that balances. it is a responsible, balanced budget. we owe the american people a balanced budget. or the third straight year, we have a limited. we have balance a budget in just 10 years. this is a plan to balance the budget in 10 years. the house budget committee has spent the last several weeks working together with each other just like families and businesses do around the country. we have been assembling a budget so that we can make sure our country can live within its means. it is a reasonable goal, balancing the budget. we cannot keep spending money we do not have. that is the basic acknowledgment and you are budgeting. just like families and businesses, you cannot keep kicking the can down the road. medicar
CSPAN
Mar 12, 2013 10:00am EDT
quote raising taxes. most of your colleagues opposed raising taxes as part part of the fiscal cliff deal. but in this budget you say you balance in 10 years in part by using $600 billion in new taxes that you opposed. isn't that disingenuous? >> not at all. we are not going to fight the past because that is behind us. we are showing that with the fiscal cliff and everything that has occurred in the past, it clearly makes it easier to balance the budget. we are saying let's replace this anti-growth tax code, this crony capitalism special interest written new poll -- loophole tax code, with a progrowth system that helps families and businesses. lower tax rates, fewer loopholes, and we can still balance the budget in doing so. we are not going to refight the past. the law is the law, and that will not change with respect to these issues. not only do we not balance the budget faster -- we have always balanced the budget -- we can do it faster, but we want to do it better with a progrowth tax code. >> a key tenet of your budget is the affordable care act. we always hear that general that fights the l
SFGTV
Mar 14, 2013 1:00am PDT
increase in hotel tax revenue into the general fund? >> i don't know if i have that number off the top of my head. i do have it at my table. can i get it for you in a moment? >> yes, thank you. >> okay, colleagues? any other questions at this time? supervisor mar? >> thank you, ms. howard, i was going to ask you, i know that we're going to talk about set-asides in a moment, so the five year plan assumes the reauthorization of proposition h or the public education enrichment fund and the children's fund, is that right? >> that's correct, supervisor. we certainly discussed what made the most sense to assume, but given the significant interest and the importance of both of those funds, we assumed that both of them would be reauthorized and to the degree that they were -- if they were not to be reauthorized, that would change the projection. >> and given how voters of overwhelmingly supported the children's fund and prop h over the years, hopefully that's a good assumption. there is an amount of money that as the trigger has been pulled for the public education enrichment funds that i think i
CSPAN
Mar 14, 2013 1:00am EDT
they were shutting down. we do not help them or america when we keep tax incentives for companies to ship jobs overseas instead of incentivizing companies to hire in wisconsin and in america. we do not help them when we cut programs and raise taxes on the middle class so we can lower the tax rates for the top earners in this country. that seems to be what we received in the budget that is on our guest today. budget should reflect values. what we need to do is focus on economic growth and how to get the people of america back to work. we need a real path to prosperity. when we invest in infrastructure, research, development, small business loans, we can increase competitiveness globally and support small business owners and create jobs. i want to work with all my colleagues on the budget committee on a balanced budget that focuses on job growth and can responsibly reduce the deficit. instead of resorting to recycled policies that have been rejected by the public and congress, we need to focus on ways we can work together to move our economy forward. i yield back the balance of my time
CSPAN
Mar 16, 2013 2:15pm EDT
it taken away, i can talk about the taxes. anyone can take a look at their january pace of and see the difference. i would even begin to tell you what it means to a small- business owner. instead of being rewarded for saving, for operating reserves and putting aside for reading day, those are taken away. over one had 50 people working across the country to compete with the big companies to also do what i do. i have to provide very good services, very good health care and benefits, so i can track challenge. my check for my premiums today out of my come to any rigid out of my company is $21,000 per month. offor my premiums today out my company is $21,000 per month. revenue, thatonal is all going to hit the bottom line. shrugged? imposing regulations, taxes, additional policies that stifle creativity and do not reward could be hit years, i could go into bankruptcy, go into debt, overspend, i would get a bailout. in seven years i can start all over again. i did not think those are the kinds of things we need to reward. we want people to have this 23 million small businesses to continue
MSNBC
Mar 11, 2013 9:00pm PDT
taxes and spending up against the republican plan for taxes and the republican plan for spending. election day. the democrats said we should raise taxes on the wealthy. republicans said no new taxes. no new taxes at all and cut programs for the poor like medicaid and housing assistance and so on. these were the competing approaches in 2012 on election day. barack obama and joe biden versus mitt romney and republican budget guru paul ryan. president obama won. he won with just over 51% of the vote. it wasn't a huge margin. you want to see the big winner. the idea of raising taxes on more voters said the government should raise taxes than voted for barack obama. 60% of people said we should raise revenue for the good of the country. almost 50% said make the rich pay more. 13% said make everyone say more. the no crowd did not even come close. no one should be surprised that americans say they want higher taxes as unpopular as the idea of writing bigger checks to uncle sam, americans have been saying that's what they want from rich people for a long time now. they have said this over
FOX Business
Mar 11, 2013 9:00pm EDT
version balances the budget in the next tenures in not raising taxes so it comes from spending cuts, repeal health care, also an taliban reform for the 55 engender that he would create the new medicare system called premium support others call it the voucher system but after push back the ages 55 and younger. officially released tomorrow the for the first time in four years senate democrats has said negotiating position on wednesday when they unveiled there budget. neil: republicans caused dry and the most grief by not signing on to what he was doing. how much trouble could he have? >> it could be difficult depending on the specifics as long as there is a revenue increase. others want to balance the budget closer in the next 10 years. we already got pushed back for the medicare proposal over 57 years old so he has an easier time than senate democrats who has a tough time with this super liberals on one side to placate. neil: rich jensen. good night. gerri: hello, everybody. i'm gerri willis. tonight on "the willis report" to shocking admissions from the highest levels of government.
CSPAN
Mar 17, 2013 10:30am EDT
it will balance the budget in 10 years without raising taxes by reducing spending over the next decade by 5.7 trillion. it would also repeal president obama's health care law and make changes to thed to and medicare. this portion of the markup is 2-1/2 hours. . under the structure we have developed we will begin by having presentations on the budget in our control by the majority and hour controlled by the minority i will make an opening statement and then mr. valholen will also make an opening statement. any other members may enter statements into the record. the remaining time left and then the minority will use the remaining time left in its hour. mr. valholen's time and my time will come out of our hour. after the presentations we will have a staff walk through which means members can ask questions they have. after the staff walk thru, we will proceed to the amendments in a structure that i have worked out with the ranking member the structure that we have had standing tradition of. i will describe that when we get to that point. we will do tier 1, 12, 3. at this point befor
SFGTV
Mar 14, 2013 12:30am PDT
dollars of revenue growth, the largest portion of that being our property tax which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25% growth, and the largest share of that is our salary and fringe benefit costs which are growing we're projecting 460 million dollars, there are a number of citywide cost increase that is are assumed in this plan, things like fully funding our capital plan, our it plan and equipment costs, the plan also assumes that we fully fund inflation on grants as well as other non-personnel services, so that's all the contracts, grants, and other types of expenditures that are not staff costs. >> supervisor breed? >> yes, can y
SFGTV
Mar 13, 2013 2:00pm PDT
supported by, you know, the overall economic condition of the city including our property tax base, so housing prices, the strength of our tourism economy as well as job growth. as you might imagine, revenue projections are sensitive to the overall economic condition of the city so to the degree that the pay for the recovery is slower or federal spending cuts are more significant than what we -- than we're factoring in at the moment, those projections could change. overall, the plan assumes more conservative growth rates on revenue in the third, fourth and fifth years of the plan. one to have reasons for that is that we are now going into a pretty -- into a sustained period of economic recovery and over the last number of years, we know that we haven't been able to -- we've seen booms and busts in our economy so we need to be i think responsible in our revenue projections in those third, fourth and fifth years. there's still growth rates assumed but just at a lower level. >> ms. howard, quick question for you, and i appreciate that comment, i think as you look at economic cycles and so
FOX Business
Mar 11, 2013 6:00pm EDT
because it's bigger does not mean anything will happen except we lose more money in tax more people. gerri: i think it is the unintended consequences that causes many problems. you change the rules and think he will make things better. to you. at the end of the date is the consumer that gets hurt because they end up paying more in fees and fines. now banks in many ways have decided we really don't want to be in the mortgage industry anymore. where does the individual investor turn? this seems that there is an interplay between these companies in the federal government ultimately does not service the consumer. >> i think the banks, some of these banks are too big. i would prefer to bake them -- break them up into bankruptcy. we do need to address this. the banks are too big. they argue that the new scale because there is global competition. there also argue that they did not cause the financial crisis i don't think the big banks for the cause. the moral hazard problem is there. very real. dodd-frank does not help. gerri: to forces. one is paul ryan and the other patty murray. looking
MSNBC
Mar 11, 2013 6:00pm PDT
election day. you remember election day when democrats put their plan for taxes and their plan for spending up against the republican plan for taxes and the republican plan for spending? election day. the democrats said we should raise taxes on the wealthy and make targeted spending cuts. republicans said no new taxes at all and cut programs for the poor like medicaid and food stamps and housing system and so on. these were the competing approaches in 2012 on election day. barack obama and joe biden versus mitt romney and republican budget guru, paul ryan. president obama won on election day. he won with just over 51% of the vote. it wasn't a huge marting margin but significant and enough we do not have to stay up half the night waiting to results. you want to see the big winner on election day? the idea of raising taxes. on election day more said they should raise taxes than voted for barack obama. 60% said we should raise the revenue for the good of the country and 50% said we should make the rich pay more. another 13% said make everyone pay more. the no taxes, no way, no how, ne
CSPAN
Mar 11, 2013 12:00am EDT
. >> over to a half thousand households are affected by the veteran tax. the housing federation -- thousands of disabled people have no chance -- no chance but to cut back further. will the prime minister adopt this policy? >> let me be absolutely clear. this is not a tax rip-off let me explain to the labor party. a tax is when you earn some money, the government take some of that money away from you, that as a tax. only labor can call the benefit reform but tax increase. let me be clear to you. pensions are exempt. people with severely disabled children are exempt. people who need a round-the- clock care are exempt. those kinds of people are all exempt. as a basic issue of fairness, how can it be fair that people and housing benefits in private residences do not get a better subsidy whereas people in social housing do. that is not fair. we are put in at right. >> thank you. it was published yesterday that over the last 20 years, there has been a 137 cent increase -- if we are going to stop this awful condition from inflicting more people, we need to eat that much more in preven
SFGTV
Mar 15, 2013 10:00am PDT
taxes above the average of the last five years are deposited into this reserve, so if we have a very, very high year of property transfer tax, you hear the controller tell you year after year that these are volatile, we can't dountbacker count on them continuing, so 75% of that growth would be deposited into the stabilization reserve. withdrawals from the reserve are triggered in similar way as the rainy day reserve but they're spread over a three year horizon, we can withdraw up to one-third for each one of three consecutive years and the policy could be suspended for any given year by a two-thirds vote of the board, so here is the chart that you were looking for, supervisor farrell, in each of the years, we show what the balance is in the stabilization reserve, so you see that in the last three years, we have accumulated approximately 95 million dollars is projected, and then you can also see the rainy day reserve, the amounts that are left, so what is left in the rainy day reserve from the economic stabilization fund is the 23 million, so the school district can withdraw 25% of th
CSPAN
Mar 17, 2013 6:00pm EDT
unspecified tax return and does not identify a single leap -- the poll you would close. how is this honest accounting and how does this land and did it -- legitimacy to the budget process? >> there are no budget gimmicks in this document. it is not our numbers we're using. there is an independent referee, the congressional budget office, that scores everyone's budget. this for our budget, the president's budget. that will be the official number. they scored the house budget to balance in 10 years. a budget does not implement tax reform, it calls for tax reform. it calls on the various committees to do certain things. we will be calling on the natural resources and energy committee and commerce to increase energy production. that does not say exactly how to do it. the ways and means committee will be called upon to implement tax reform. what we mean is to close -- close loopholes. we closed loopholes to work overall rates. we have the highest corporate tax rate in the world right now. it makes america uncompetitive. instead of a 35% rate, which is the highest in the world, go down to
LINKTV
Mar 11, 2013 2:00pm PDT
, closed because they couldn't afford to modernize. punitive taxes and excessive regulations mandating additional costs on them had been responsible. ronald reagan promised to get the government ofthe cks gives us greater productivity.dt the keystohis anwas a 50 billio. ofthe cks how the 1970sgetmorerod? gived been difficult yearsity.dt r the american people, even for ecomists., by980, a growing number of people saw the goveme as e source ofc. let's give the peoplees be, anncentive to produce. these economists were supy-sirs. their spokesman was arthur laffer. let's give the peoplees be, anncentive to produce. people work to get what they can after tax. people don't increase the productivity of their capital, labor, or production process to give the money to the government. they do it to make personal profits. when you cut the taxes, you increase their incentives for doing that activity. you'll increase productivity output. when you increase the amount people get after tax, they will be more productive. laffer believed that tax cuts cause people to work harder. economist norman ture ar
CNN
Mar 16, 2013 10:00am PDT
years. it would raise more tax revenue, selectively curb spending, and reduce deficits enough to stabilize the debt but not balance the budge net ten years' time. now here's what the house republicans promise. >> our budget will provide economic security for families. it will guarantee a secure retirement for seniors. it will expand opportunity for the young. >> paul ryan's latest edition of his path to prosperity budget isn't too different from previous versions. he plans to maintain revenue lefls, curing spending. the president is way behind on his february 4th deadline to put forward a proposal and he doesn't have much time left. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work. >> america doesn't really have a budget right now. it has a continuing resolution, which is an extension of an earlier budget. that continuing resolution expires on march 27th. if congress goes beyond that without at least a patch, the government could shut down. by law, we're supposed to have an actual budget reso
CSPAN
Mar 17, 2013 1:00pm EDT
study committee discusses the congressional debate over to ending and taxes, energy policy, and the committee's opposition to a carbon tax. newsmakers today at 6 p.m. eastern on c-span. >> on monday, the chair of the national republican committee will talk about the future of the republican party. he will release a plan called the growth and opportunity project. it's aimed at improving the electoral success of republican candidates. our live coverage ends on eight -- begins at eight ready -- .egins at 8:30 a.m. >> she spoke french inside the white house and gain the representation -- a reputation a reputat cleanly -- ion for being queenly. we will include your questions and comments on facebook and twitter and by phone at 9 p.m. eastern on c-span and c-span three. -sapann c-span radio and cp .org. >> a new plan would raise taxes by almost one dollar trillion almost onede -- dollars -- $1 trillion over a decade. this portion of the markup is about two and a half hours. >> good morning. our committee will come to order. we have a busy day. i want to welcome all of our members to date
NBC
Mar 10, 2013 4:00pm PDT
american voter is very conflicted about entitlement cuts, increases in taxes, or other cuts to government spending. probably saw the recent survey where they went through 20 categories of government spending and there wasn't a single category that voters had that majority of voters say yes, we ought to reduce spending in that area. so i think as long as the voters are conflicted in their own minds, they're going to have dinners and breakfasts together. they might get along a little better but i think the grand bargain is going to be hard to get. >> but, of course, austan, the sequester kicked in this week. the world did not end. did the president exaggerate the consequences of these mandatory spending cuts? >> i don't know. i don't think so. from what i saw, the president was highlighting a bunch of specific case where's he thought it would harm things. i do think this was nowhere near as big and negative as the fiscal cliff would have been. i see this as cut maybe half a point, .6 of a point off the gross rate which is enough to make the jobs numbers more sour than the one we
CSPAN
Mar 10, 2013 9:00pm EDT
to come further. >> here, here. >> let us be absolutely clear. this is not a tax. >> let me explain.pl let me explain. >> a tax is when you earn somen money. the government takes some of that money away from you.he g that is a tax. >> let me be clear to you. pensions are exempt. people with severely disabled children are exempt.ple people who need care are exempt- those kind of people are all exempt but there is a basic issue of fairness.xe how can it be fair that peoplene on housing benefits in privatei rented accommodations do not ger a fair room subsidy, where ast people in socializing do.ere that is not fair. we are putting that right. >> thank you, mr. speaker. >> thank you. >> figures published yesterday, it has been 37% increase in theu number of deaths linked to this disease. are we going to stop this awful position.io we need to prevent this disease and do research in particular. what is the government doing to help support those with dementia and those who care for them. >> i think you raise something that is of concern to everyonemi in this house and everyone in t
FOX News
Mar 9, 2013 1:00pm PST
them think and they don't think they'll get their tax refund but the money needs to keep rolling in to pay for the president's healthcare law. we have no idea yet how much this is going to hit the american people because this year, don't forget on higher income americans you have medicare payroll tax hike, investment income hike and medical devices tax, that is just this year. >> and here is the interesting thing. with all that stuff. they are not going to wait nanosecond to collect their money but what the heck, where is my tax refund? >> i think you have a situation where they are trying to cause as much pain as possible to show you, hey, i told you so. sequester was bad. look we went this week where they actually shut down the tours of the white house that only cost $17,000 a week. they are trying to make a point and trying to prove a point and go down the republican throats and make them look bad. we end up losing in the end. >> ben, what do you think? >> i think universal healthcare is moral requirement. mr. mix on ordered we tried to get it three and senator kennedy killed it.
CSPAN
Mar 17, 2013 10:00am EDT
obama care but then uses the revenue that it would generate. he uses revenue from unspecified tax reform and doesn't identify single loophole in there that you would close. how is this honest accounting and how does this help lend legitimacy to the budget process that many americans feel has become kind of a farce? >> there are no budget gimmicks. in fact it's not our numbers that we're using. there's an independent referee that scores everybody's budget. they score our budget, the president's budget which doesn't exist yet but when he files it they will score that. in our budget they actually score the house budget to balance in ten years. and what paul does, a budget doesn't actually implement tax reform. it calls for tax reform. it calls on the various committees of jurisdiction to do certain things. we'll be calling on our natural resources and energy and commerce committee to increase energy production for example. that doesn't say exactly how to do it. that's what those committees do. so the ways and means committee will be called upon to implement tax reform and what we mea
CNN
Mar 17, 2013 12:00pm PDT
too duff than other versions. he plans to drastically curb spending, reform the tax code what increasing revenue and actually reform the budget in ten years, and the president is way behind his february 4th deadline to put forth a proposal and he doesn't have much time left. >> my goal is not to achieve a balanced budget just for the sake of balance. my goal is how do we grow the economy, but america back to work? >> america doesn't really have a budget right now, it has a continual resolution, which is an extension of an earlier budget. that expires on march 27th. if government goes beyond that without a patch, they could shut down. we're supposed to have an actual budget resolution voted on and in place by april 15th, but we're way behind on that. on may 18th, we're set to hit the debt ceiling. some say that could be the showdown. i want to bring in nancy, with the "new york times." andy, let's start with you. both sides put budgets out. everybody knows that neither of these budgets are going anywhere. what happens next? >> so, essentially, we're going to go through the same
SFGTV
Mar 13, 2013 3:00pm PDT
call aggregate discretionary revenues, this is our revenue sources, taxes, does not include federal and tax [inaudible] and the way these work, supervisors, when they were established, we took a snapshot as to how much general fund money these departments received during that year and we grow that amount based on the growth of these general fund revenues so in the current year for the municipal railway, we have approximately 154 million that is appropriated to them and an additional 58 million dollars for parking and traffic, similarly with the library, 53 million, children services, 115 and this particular baseline is the only one that we overfund that is we provide them with more dollars that is required by formula. the public education services baseline, we need to maintain the level of funding that was provided to the school during the years during that 6.7 million and then re are the amounts for the public education enrichment fund. so, taken together, all of these baselines amount to 450 million dollars of discretionary funds. and then similar to those baselines, we have other
CSPAN
Mar 11, 2013 12:00pm EDT
that says no revenues can be raised from closing unjustified tax loopholes in order to finish the job of stabilizing our finances and strengthening our economy. and i have to say after i wrote my remarks i saw that there was a survey of nabe members, and to some extent i'm preaching to the converted. i see in one question when nabe members were asked how should deficit reduction be accomplished, 77% said with a combination of spending cuts and tax increases. that's the administration's position. also when asked about tax reform, should tax reform increase revenues, 74% agreed that there should be significant increase or slight increase in revenues from tax reform. so bear with me as i explain why i think there's a very strong economic case for those responses. as economists, we are naturally accustomed to viewing the world through the prism of costs and benefits and weighing the costs and benefits on the marginment marginment -- margin. the proper approach to deficit reduction would be to implement policies to the point that they equate the net marginal cost of raising an addition
FOX Business
Mar 10, 2013 6:00pm EDT
like $25 billion is all we've done with a $600 billion tax hike that we have just paid. you look at those kinds of numbers, you'd have to multiply that times eight, in other words a 4.6 or 8 trillion dollar tax increase on mostly middle class americans just to stop adding to our debt. this is really where we are. these clowns in washington, d.c. make the greek politicians look, you know, really fiscally sound these days. charles charles all right. linwood, what do you think about that? >> well, i mean, she's right on. $85 billion over seven months, which is what the sequester will cut from march 1 til the end of september, and we ran way over that in one month. and the reason we have to get our debt under control is because that's how we're going to really turn the economy around. our debt is now over 100% of the size of our entire economy, and it's really constraining growth. of it's one reason why we're seeing such a stagnant recovery. charles: you know, ford, i guess at this point n we all admit we do have something of a spending problem? >> well, i think we do, and what it shows
CSPAN
Mar 14, 2013 6:00am EDT
to balance the budget. the plan will hold washington accountable to fix our broken tax code and repair the safety net, expand opportunities for american families, and create a more accountable and efficient and effective government. the budget will help promote a path to energy security by increasing opportunities to expand production of america's abundant energy resources and this budget will stop the unfair use of funding from hard- working americans. as a job creator and a cpa, i have seen firsthand how domestic american energy production can be a valuable component in creating jobs and fixing our nation's balance. the u.s. has combined recoverable and natural gas, oil, and coal and that is the largest in the earth, larger than russia, saudi arabia, or china. today, the united states is known as the saudi arabia of natural gas. the chart on the screen, if we can bring it up, illustrates how we can bring revenues by hundreds of billions of dollars by not enacting punitive taxes and by expanding exploration for energy on federal lands and oceans. the loss potential is also $200
CSPAN
Mar 15, 2013 7:00pm EDT
quote , they call for another chilling dollars tax hike on top of even more spending. if we did not think him and many not pass their budget, the government would save money. look, we take the opposite approach. i am proud of our budget because it's changed the conversation. today we are not talking about cliffs or ceilings are sequesters. we are talking about solutions and that's how it should be. our budget expands opportunity by growing the economy. it strengthens the safety net are retooling government and restores fairness by ending cronyism. [applause] and by setting priorities and choosing wisely, we have a plan to pay off our debt. in fact, we balance the budget in 10 years without raising taxes. [applause] how do we do this? it's really pretty simple. we stop spending money we don't have. go figure. you know, historically we've paid a little less than one fifth of our income in taxes to the federal government each year. but the government has spent a lot more, so our budget matches spending with income. we say to washington but we are willing to pay is what you're able to spend.
CSPAN
Mar 12, 2013 6:00am EDT
tax schemes run by companies during tax season. >> thanks for hanging in there everybody. we're almost done, one more panel to go. so, i love the month of march. we got spring training has begun. march madness is about to start. spring is around the corner. tax season is here. well, of course with tax season comes a lot of fraud scams and our next panel is happy to tell you all about it and hopefully arm consumers with additional information that they can watch out for to avoid becoming victims of common tax fraud schemes. with us today we have carol, she's a counsel in the tax division of the department of justice. and robert, the acting director in the global financial crime section in the internal revenue service criminal investigation division. so thank you, why don't you begin, tell us what to watch out for. >> ok, well, i think what most taxpayers are and should be aware of are two different types of scams that might be perpetrated on them during tax season. the first is something that happens without their knowledge, their identities stolen and tax return is filed in thei
CSPAN
Mar 16, 2013 4:25pm EDT
tax code so that loopholes for special interests are eliminated. we can streamline, simplify the tax code and put more money in the pockets of families. [applause] in the talk to moms sandwich generation, those taking care of their parents and their children, about how we need to fund medical research and repeal the medical device tax so that we can cure diseases and give everyone a chance at a better life. [applause] we have all heard these policy issues before, but we need to start talking about these employment and family issues. that is the way we are going to reach men and women, when we start speaking from our heart as well as our head. that is how we will bring about a new, modern, conservative division to america -- conservative vision to america. [applause] the second way we need to modernize is with technology. for a moment, let's consider two .mericas you have washington, d.c., the center of government, and you have silicon valley along with the pacific northwest, the center of technology innovation. if you have an iphone but are still using a 1042 fell out your tax re
CNBC
Mar 14, 2013 7:00pm EDT
. he says he's for corporate tax reform and willing to push fellow democrats on entitlements. is the charm offensive starting to pay off? "the kudlow report" begins right now. first up tonight, a nice 83-point move higher for the dow, makes it ten straight days of gains. we have details of another day of record highs, good evening, ka kayla. >> reporter: jobless claims fell unexpectedly and gave traders more confidence in growth. the dow sitting above 14,500. up 83 points to 14,539. this month the dow has been up nearly every single day. the s & p within four points. all time record closing here. 1,563. on rising rates on treasuries. the highest yield in a year. low by historical standard. 3.248%. and the year on 390-year, up 10% this month alone. lots moving on the mobile front, larry. google will shut down its e-reader and samsung unveiled galaxy 4. blackberry moved on moves of the z-10. closed down just 4%. jcpenney under the microscope. the credit default swaps, those widened dramatically. fears of liquidity crunch hurting the stock, closed the day down more than 1.5%. larry. >>
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